You Decide to Purchase a New Car for $12,000

Multiple Choice

You decide to purchase a new car for $12,000. Upon driving the car off of the lot, the resale value of the car falls to $9,000. The opportunity cost of purchasing the car is __________ and the opportunity cost of using the car is __________.

A) $12,000 and $9,000
B) $12,000 and $3,000
C) Unknown and $9,000
D) Unknown and $3,000